Recently asked questions relating to Raynes Park Lease Extensions

  • I am about to put an offer in on a three bed flat in Raynes Park with a lease of seventy six years but have no idea what it will cost me to renew so I can put in an offer given to future cost of a lease extension.
  • My co-lessees and I are in a block made up three flats in Raynes Park and have been offered to buy the freehold for £3,500 per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?
  • Possibly made a mistake, I am searching for a in Raynes Park who has Leasehold Tribunal expertise in relation to lease extensions. Is this something you can assist me with?
  • I'm looking for a flat to purchase in Raynes Park and I'm not really familiar with the leasehold concept. I've identified a place I like with a 87 years lease. My research reveals that I can get a lease extension after a couple of years, but:- Should I anticipate any issue with my proposed mortgage lender Barnsley Building Society?
  • I am a first time buyer of a leasehold flat in Raynes Park. The lease has just 62 years balance left and ground rent is £95. Is it possible for the homeowner to serve the Notice of Claim and then transfer over the right to me as the purchaser on the day of completion so that I don't have to wait for the 2 year requisite period before I can apply to for a lease extension or have to deal with all this expense later? I have read this is achievable but will it be very time consuming to the homeowner? Unfortunately the landlord is absent, so I am not sure how this will play out.
  • My partner and I have a residential flat in Raynes Park with seventy seven years to run. Last year we were quoted a deal to grant a lease extension for another thirty years but also increase ground rent from notional to a little more..plus a premium I think of about 14k. Finally we have decided to go ahead but do we now have to start the negotiations again?
  • We are considering buying a garden flat in Raynes Park which is a leasehold. I am wondering what are the pros and cons of that - what happens when lease ends, how much it costs to extend it, can the freeholder of the property evict me from my own flat and block me from extending the lease?
  • I intend to buy a one bed flat in Raynes Park for asking price of 125k, which has 71 years lease left on it. Seller doesn't want to extend the lease for even if I were to pay the money to the seller. My query is: If the freeholder does not agree to a marriage value (part of lease extension fees) of a valuer, how lengthy and difficult is the process of going down the route of Leasehold Valuation Tribunal?
  • My (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?
  • Are you able to provide an estimate to extend my aunt’s lease on a one bedroom apartment in Raynes Park. She recently got a price from the landlord for a lease extension but I am unclear whether it is too high.

    • Find out more about a accredited conveyancer's need to have CQS Policy Templates applicable for conveyancers in Raynes Park